Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 47.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,208 shares of the company's stock after buying an additional 25,916 shares during the quarter. Janney Montgomery Scott LLC's holdings in Dollar Tree were worth $6,021,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Assetmark Inc. grew its position in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after buying an additional 149 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in shares of Dollar Tree by 20.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock worth $68,000 after buying an additional 157 shares in the last quarter. Checchi Capital Advisers LLC grew its position in shares of Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock worth $254,000 after buying an additional 180 shares in the last quarter. Metis Global Partners LLC grew its position in shares of Dollar Tree by 3.4% during the fourth quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock worth $508,000 after buying an additional 220 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Transactions at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares of the company's stock, valued at $316,055.70. This represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William W. Douglas III acquired 701 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 22,441 shares of company stock worth $2,095,333 over the last 90 days. 6.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and upped their price target for the company from $76.00 to $103.00 in a report on Monday, April 7th. Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. Evercore ISI upped their price target on Dollar Tree from $86.00 to $92.00 and gave the company an "in-line" rating in a report on Thursday, June 5th. Morgan Stanley upped their price target on Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $100.00 price target on shares of Dollar Tree in a report on Thursday, June 5th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Dollar Tree currently has a consensus rating of "Hold" and an average target price of $90.26.

Dollar Tree Stock Performance

Shares of Dollar Tree stock traded up $1.18 during trading hours on Friday, hitting $98.71. 6,540,611 shares of the company were exchanged, compared to its average volume of 4,224,931. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $109.36. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $87.48 and a 200-day moving average of $77.25. The stock has a market capitalization of $20.60 billion, a price-to-earnings ratio of -7.12, a P/E/G ratio of 2.73 and a beta of 0.84.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The business had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. The company's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.